Sanderson Farms, Inc. (SAFM) to Issue $0.32 Quarterly Dividend

Sanderson Farms, Inc. (NASDAQ:SAFM) declared a quarterly dividend on Thursday, January 18th, RTT News reports. Investors of record on Tuesday, January 30th will be paid a dividend of 0.32 per share on Tuesday, February 13th. This represents a $1.28 dividend on an annualized basis and a yield of 0.98%.

Shares of Sanderson Farms (SAFM) traded up $0.09 during trading hours on Thursday, reaching $131.25. The company had a trading volume of 410,518 shares, compared to its average volume of 600,785. Sanderson Farms has a 52 week low of $87.54 and a 52 week high of $176.43. The stock has a market cap of $3,000.00, a P/E ratio of 10.67 and a beta of 0.61.

Sanderson Farms (NASDAQ:SAFM) last announced its quarterly earnings results on Thursday, December 14th. The company reported $3.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.50 by ($0.30). Sanderson Farms had a net margin of 8.34% and a return on equity of 20.97%. The business had revenue of $919.90 million for the quarter, compared to analysts’ expectations of $916.07 million. During the same quarter in the prior year, the firm earned $3.36 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. research analysts predict that Sanderson Farms will post 9.97 EPS for the current year.

In other Sanderson Farms news, Director Jones Gail Pittman sold 260 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $140.92, for a total transaction of $36,639.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.66% of the stock is currently owned by corporate insiders.

A number of research analysts recently issued reports on the company. BidaskClub downgraded Sanderson Farms from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Zacks Investment Research downgraded Sanderson Farms from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. BMO Capital Markets reiterated a “hold” rating and set a $140.00 target price on shares of Sanderson Farms in a report on Monday, December 18th. Barclays reiterated an “equal weight” rating and set a $150.00 target price (up previously from $136.00) on shares of Sanderson Farms in a report on Thursday, December 14th. Finally, Morgan Stanley assumed coverage on Sanderson Farms in a report on Friday, November 3rd. They set an “equal weight” rating and a $140.00 target price on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $137.80.

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Sanderson Farms Company Profile

Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.

Dividend History for Sanderson Farms (NASDAQ:SAFM)

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